(Kitco News) - Although the gold market is struggling to find traction as panic and volatility grip financial markets, the world ’s largest asset management firm sees potential for the yellow metal.
In a commentary published Thursday, Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund, said that he sees three factors supporting gold going forward.
“With both nominal and real, i.e. inflation adjusted interest rates in free fall, gold is well positioned to do what it is intended to do: “help insulate a portfolio,” he said in the report.


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